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Sterling rounds out dozen for PPIAB&#39s accreditation

Sterling has become the 12th insurer to be awarded the Raising Standards quality mark by the Pensions Protection Investments Accreditation Board.

Sterling, part of the Zurich Financial Services Group, joins 11 other brands which have been accredited, making up 47 per cent of the market in terms of new sales.

The other 11 insurers are CIS, Eagle Star, Friends Provident, Norwich Union, Police Mutual, Prudential, Scottish Equitable, Scottish Widows, Standard Life, Unum Provident and Zurich.

A further five companies are preparing their applications to the PPIAB for the quality mark.

PPIAB chief executive John Cox says: “We are delighted that Sterling has gained accreditation. We are greatly encouraged that they and other brands are continuing to work with us and committing voluntarily through deeds and not just words to Raising Standards.”

Zurich product management and development director Simon Foster says: “Sterling&#39s objective is to deliver excellent products to our customers exclusively through IFAs. We believe firmly our newly won accredited status under Raising Standards will add further strength to our excellent reputation and re-emphasise to the investment management industry, IFAs and customers alike that we place customers&#39 needs for clarity and service at the heart of our operations.”


Edinburgh Partners – UK Opportunities Fund

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FSA urged to charge per RI fees – Aifa

The FSA should levy regulatory fees on IFA firms depending on how many advisers sit within them as opposed to how much income is generated according to Aifa. In its response to the regulator&#39s consultation on fees and fees policy, the trade body says whichever way fees are levied, the same amount of money will […]

Equitable QC moved policies before House of Lords judgment

The barrister representing Equitable Life policyholders in the House of Lords case over guarantees moved £700,000 of his own policies days before the judgment, according to media reports. Jonathan Sumption QC moved the funds a week before the court decision although he did keep one non-pension policy with the stricken life insurer.

Route march

The FSA&#39s deadline for direct authorisation registration is upon us and the networks are lining up their mortgage offerings. After April 30, firms are not guaranteed that their direct authorisation applications will be processed in time to continue doing business and networks are seeing this as the perfect opportunity to bring new recruits on board. […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]


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